Take it with a grain of salt. Not worth a grain of salt. It seems salt is worth something.
K+S AG, Europe’s biggest salt maker, agreed to buy Morton Salt from Dow Chemical Co. for $1.675 billion to become the world’s largest producer.
Morton Salt, the largest maker in North America, had sales last year of $1.2 billion and $270 million of earnings before tax and other items, Kassel, Germany-based K+S said today in a statement on its Web site. The all-cash transaction is expected to close midyear, said Bob Plishka, a spokesman for Midland, Michigan-based Dow.
If Morton’s is now europe owned, is there any American owned salt left in America?
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